According to recent reports, Johnson Controls (JCI) appears to be exploring the sale of its...

|About: Johnson Controls, Inc. (JCI)|By:, SA News Editor

According to recent reports, Johnson Controls (JCI) appears to be exploring the sale of its automotive electronics business. Analysts at Morgan Stanley think that's a bad idea. Why? Because, when it comes to JCI, the sum of its parts are actually worth less than the whole, says Morgan. If split, each stub could trade at a lower multiple than current and peer levels, and that, boys and girls, would be destructive to shareholder value.